Market experts: Manipulation not uncommon

April 22, 2015 10:27 PM

58
0

The alleged improper trading strategy at the heart of U.S. authorities' allegations against Navinder Singh Sarao may also be used by other traders — though not as openly — market experts and participants said Wednesday.

Sarao is accused of helping cause market-stressing conditions that triggered the 2010 "Flash Crash." The event sent the Dow Jones industrial average on a 600-point plunge in five minutes, vaporizing nearly $1 trillion in value and undermining investor confidence.